Tuesday, January 27, 2009

Why should Satyam get govt. bailout ??

morph guru asks :

the govt is planning to bail out satyam, and to take over a stake in satyam.
why should common man pay for the sins of Raju?the govt should drop any plan of providing any support to Raju and satyam? what do u think ?

guru galav replies :

Hey Anshul. Your concern for the hard earned money of the tax payers seems to be genuine and I appreciate that. As per my knowledge, govt. is not bailing out Satyam, instead its looking for a potential buyer to keep the corporation running. Well, the question posed here is if there is no buyer, should govt. bailout the company ?? Prima facie, we think that why should we pay for someone else's sin. Why do we give our money when we didnt gain anything( sounds very practical and capitalistic right !!), but for once, just think about the 50,000 ( source :wikipedia ) employees who'll lose their jobs if the shutters are closed .You are keeping at stake future of around 50,000 X 4 = 2,00,000 people. God forbid but if something happens to us tomorrow, wouldnt you expect the same from the govt. ?? This is what is govt. for, to secure the people from sins of some handful of people. That is why our country is socialistic. No doubt we should reform our system, should keep a better check on the company's finances as well as the auditors. But once the damage is done, the govt needs to make sure that least no of people are effected. when someone dear to you falls ill, you dont let him die like that right, you pay for his medicines and stuff. The same analogy i think applies here as well.
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1 comment:

  1. being a country of socialites sounds very cool but when u earn your hard cash and have to part it for some as******* like raju then u feel that u were never a part of it. i appreciate that we are taking along the masses with but don't u think it would be better idea to bailout the company with movable and movable wealth and property of the one who made the fraud.instead of u and me paying for the sins of raju and family let the raju and his family pay for their sins.i know this sounds crazy and impossible coz one wud never know about the hidden wealth of the raju family.but if it has to be fair then y not this way

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